OTR to acquire 17 Puma stations as it enters Australia’s Northern territory
The retailer has entered into an agreement with Chevron to purchase the locations as well as taking over its product distribution business.
OTR has entered into an agreement with Chevron Australia Downstream to acquire its Puma branded service stations in Australia’s Northern Territory. In total, the deal includes 17 retail sites and is expected to be completed by next March.
In addition, Mogas Regional, which is owned and operated by OTR’s parent company Peregrine Corporation, has entered into an agreement to acquire Directhaul Pty Ltd and related commercial supply and haulage business assets. The company will own and manage Directhaul and work closely with Chevron Australia Downstream to distribute its products to customers in the Northern Territory.
Peregrine Corporation is South Australia’s largest private employer, having been operational in the country for over 30 years and employing more than 6,500 citizens across its network.
OTR currently operates more than 180 stores across metropolitan and regional South Australia, in addition to metropolitan and regional Victoria, Tasmania, and Western Australia. This recent acquisition will be the brand’s first entrance into the Northern Territorian market.
